Afghanistan sets $460m budget

Published July 17, 2002

KABUL, July 16: Afghanistan has set its operating budget at 460.3 million dollars for the year ending March 20, 2003, with expected revenues of 83 million dollars and a deficit forecast at 257.2 million dollars, Finance Minister Ashraf Ghani Ahmadzai said on Tuesday.

“There is a substantial shortfall,” Ahmadzai told a news conference in Kabul. “But we have a determination not to print money... and a consensus not to borrow.”—Reuters